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26 Main St
Toms River, NJ 08753
Berger Building · Office Property For Sale
Investment Highlights
- 98% Leased
- 7.5% Cap Rate
- Close proximity to new 280 to be built apartments
- NOI : $212,500
- .75 acres accessed $4,549,100
Executive Summary
29,133 SF Retail/Office building for sale in downtown Toms River. Close proximity to new 280 unit apartment complex. 98% leased with upside potential. 2 onsite parking lots which is very rare for downtown area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,925 SF
Building Class
B
Year Built/Renovated
1953/2012
Price
$3,929,209 CAD
Price Per SF
$187.78 CAD
Cap Rate
8.07%
NOI
$317,036 CAD
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,500 SF
Slab To Slab
12’
Building FAR
0.96
Lot Size
0.50 AC
Zoning
VB
Parking
20 Spaces (0.95 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 08-00658-01-00035 | Improvements Assessment | $1,837,078 CAD |
| Land Assessment | $989,196 CAD | Total Assessment | $2,826,273 CAD |
Property Taxes
Parcel Number
08-00658-01-00035
Land Assessment
$989,196 CAD
Improvements Assessment
$1,837,078 CAD
Total Assessment
$2,826,273 CAD
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